PNB Met Protect Plan

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PNB Met Protect

	Objective		This is an online term insurance policy that pays sum assured on unfortunate demise of the insured person.
What does it do?		This is a pure risk insurance plan which pays sum assured to the nominee in case of untimely death of the insured. The plan can be purchased online through company's website. The plan does not pay any maturity, survival or surrender benefit.
Pros		The plan can be purchased online at convenience. Women and non-smokers can avail lower premium rates. Premiums paid toward the policy qualify for tax benefits.
Cons		The premiums cannot be paid quarterly or monthly, but only annually or semi-annually. Minimum sum assured is fixed at Rs 25 lakh. The plan does not offer any riders for enhanced protection.
Suited for		A plain term insurance is a definite buy for everyone.
Our View		Term plans are the best kind of life insurance available. Anyone who is comfortable making online purchase and doesn't need assistance in buying a policy can take this plan.
Eligibility
Entry Age (years)
Minimum		18
Maximum		60
Maximum Maturity Age (years)		70
Policy Term (years)
Minimum		10
Maximum		35 for Regular Premium policies; 15 for Single Premium policies
Sum Assured (Rs)
Minimum		2500000
Maximum		No limit
Premium Payment Frequency		Single, Yearly, Half-yearly
Premium Payment Term		Single, Equal to policy term
Policy Cover		Cover remains fixed for the tenure of the policy
Other Features
Free Look Cancellation		In case, you are not satisfied, you may choose to cancel the policy within 15 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace Period		You are allowed to pay premiums within 30 days of premium due date . If a due premium is not received within the grace period, your policy will lapse and the life insurance cover will be terminated.
Lapsed Policy Reinstatement		You may reinstate your lapsed policy within 3 years from date of first unpaid premium by paying due premiums and undergoing underwriting requirements, if any.
Tax Benefits		Section 80C, 10(10D) of the Income Tax Act, 1961 would apply.
Exclusions		In case of death by suicide during the first policy year, or within one year from the date of reinstatement, no death benefit is payable. Further, if the Life Assured under the policy, whether medically sane or insane, commits suicide, within one year of exercising the option to increase the Sum Assured, then the amount of increased Sum Assured will not be considered in the calculation of the Death Benefit
Customer Service
Address		MetLife India insurance Company Limited Registered Office: Brigade Seshamahal, 5, Vani Vilas Road, Basavanagudi,Bangalore - 560004

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

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